Is Blockchain Technology Making the World Better
Blockchain work on a decentralized peer to peer technology and can easily replace centralized systems. Blockchain technology can be beneficial in many sectors such as banks, health, music, real estate, supply chain, and trade. With the help of blockchain, many industries can benefit, thereby making the world a better and sustainable place.
Blockchain technology has made its way into the healthcare sector, financial sector, fashion industry, personal care, Legal aid, music industry, and is rapidly gaining popularity among others.
Here are some examples of the benefits of blockchain technology in a variety of sectors:
Pharmacy
Blockchain technology can improve drug integrity. The precise identification and tracking, right from production to consumption, can save more than one million lives every year. The monitoring and tracking will also reduce costs, improve security, and reduce the errors in data movement.
Cross-border payments
Providing access to capital for small to medium food producers is quite often a considerable problem in many underdeveloped and developing countries. There is a need for a system providing fair commodity trading. Blockchain banking solutions for faster and cost-effective international payments can be the answer to these problems.
Humanitarian Crises
Not only are companies, but even the United Nations is using blockchain technology in around 16 areas such as the World Food Program for monitoring, and safeguarding financing and supply chains. Additionally, investigations are going on to use blockchain in tackling many current problems, such as child trafficking and many others.
Fashion
Blockchain technology can help track and monitor the complete lifecycle of a garment. It enables companies from different sectors, such as fashion, clothing, and consumer goods, to work together.
Jewelry
Many jewelry companies are now planning on using the blockchain technology for accurately tracking the origin of diamonds, metals, as well as other gems. As a result, only the conflict-free stones will be processed, and every jewelry piece will have its proper documentation.
Food Safety
The blockchain technology can help remove the contaminated food quickly from the production and supply chain. World Wildlife Fund also uses the blockchain technology for tracking fish and other seafood which will be beneficial in curbing illegal fishing.
How SAFEBOX helps in different areas
At SAFEBOX, users are free to view the documents that are shared with then on the blockchain system. Users can also upload the documents using SAFEBOX containing the information related to transactions, food-supply chain, gemstone origin, medicines, wills, inheritance, and many more. All the records, once added, cannot be altered, hence making them immutable. Immutability is one of the essential characteristics of an important document, and SAFEBOX provides it with ease.
Trending Technologies 2020
Why SAFEBOXTM Document Sharing is Ideal for Your Professional Needs
As a notary public, you are tasked with handling numerous legal procedures, each involved with different types of documents. Without a legitimate document sharing platform, your job can become tiring due to a lack of an efficient file sharing technique. Furthermore,...
Easy Document Sharing for Notary Publics with SAFEBOXTM
SAFEBOXTM gives you a platform to handle all your document sharing responsibilities hassle-free. It's easy, fast, secure, and reliable. As a notary public, you get to deal with sensitive information daily. SAFEBOXTM ensures that all your data is secure from...
Trends in Document Sharing Technology
The world is undergoing a fast-paced change in technology, which is revolutionizing how things around us work. In particular, the 21st century has seen a proliferation in smart devices, with new inventions coming up every day. One factor that has been subject to...
Security Issues with Document Sharing Technologies
Today, the corporate world is undergoing a swift change in operations, a feat that has been greatly influenced by technological advances. Employees are using different techniques to transfer important documents to clients and fellow workers. This has revolutionized...
How Can Blockchain Technology Improve Data Storage?
Decentralized Cloud Storage Cloud storage systems maintain data on remote servers that are accessible from the internet. However, unlike conventional cloud servers, decentralized cloud storage does not keep user data on a single centralized server. A decentralized...
Our Latest Updates
Why SAFEBOXTM Document Sharing is Ideal for Your Professional Needs
As a notary public, you are tasked with handling numerous legal procedures, each involved with different types of documents. Without a legitimate document sharing platform, your job can become tiring due to a lack of an efficient file sharing technique. Furthermore,...
Easy Document Sharing for Notary Publics with SAFEBOXTM
SAFEBOXTM gives you a platform to handle all your document sharing responsibilities hassle-free. It's easy, fast, secure, and reliable. As a notary public, you get to deal with sensitive information daily. SAFEBOXTM ensures that all your data is secure from...
Trends in Document Sharing Technology
The world is undergoing a fast-paced change in technology, which is revolutionizing how things around us work. In particular, the 21st century has seen a proliferation in smart devices, with new inventions coming up every day. One factor that has been subject to...